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 Criteria  Aldermere  TMW BM Solutions Leeds Mortgage Trust  Natwest Northern Rock  Platform   Principality  Godiva
Disclaimer - Lenders criteria is subject to changes at times. Therefore site owner  is not responsible for inaccuracies and mistakes in this table of lender criteria. Please double check in criteria with the lender before you make any decision
Paragon
Rental Calculation 125 % at pay or reversion rate (whichever is higher) 125% at pay rate 130 at 5.99% 125% at 5% or pay rate if higher 125% at 6.75% 125% at pay rate or 125% or 5.99% whichever is higher 125% at pay rate of 4.99%
(whichever is higher)
125% at pay
 rate
130% at 7%
Max Loan £600,000 (75%)
1 Million (65%)
80% up to £350,000
65% £350k to £1M
50% £1m-£1.5m
£1 Million at 75% £500,000 (70%) £500,000
£1,000,000 - 70%
£500,000 70% up to £1Million £350,000
£300,000 - new Build
£250,000 £500,000 (75% LTV
£500,001 - 1m (50% LTV)
£500,000 - 75%
£1,000,000 - 70%
Min Loan £25,001 £25,0001 £ 25,001   £30,000 £15,000 £25,001 £25,000 £25001 £25,001 £30,000
Max Term (years) 30 35 40 40 25 25 25 years 40 30 35 25
Min Term (years) 10 5 5 5 5 3 3 5 5 None 5
Min. Lease (start) 60 years 55 years 70 years n/a 80 years n/a       70 years 80 years
Min. lease (end) 40 years 35 years Refer 40 years 50 years 30 years at end 30 years at end 25 years at end 40 years n/a 50 years
Ltd. company applications? No No No No No No No 2 No No yes
Max Applicants 2 2 4 4 2 4 4 2 5 4 4
Portfolio Limit 3 properties with Aldermere mortgages / £1 Million up to £5m 3 BTL in Lloyds group
 plus 1 main residence, lending limit of £2M
4 properties (regardless of lender)/£1.25m £1m or 5 properties with Paragon Group N/A £3m / 10 properties 10 properties 5 properties at £500,000 3 with Coventry BS Group
(subject to £1m Limit) - 10 Mortgaged properties in total
£5m with paragon Group
Portfolio Limit Unlimited outside of group Unlimited outside of group   n/a Unlimited outside of group   Unlimited outside of group £10 Million with Platform Co/op     Unlimited outside group
Lease created for (months) n/a Refer unknown n/a Refer 6 months Refer Refer Refer n/a Refer
Guarantors? No No No no no No Yes - refer No No No No




Builder deposit accepted? Max 5% No 5% No PP less deposit No Yes - but loan calculated on purchase price less deposit Yes loan with incentives Yes - But loan calculated on purchase price less deposit Yes - applicant has to match discount PP less deposit
Vendor deposit Accepted max 5% No No No PP less deposit No No No yes But loan calculated on purchase price less deposit No PP Less deposit
Family gifted deposit accepted? No Yes Refer No Yes - non repayable Yes yes Yes Yes Yes Yes - Nonrepayable
Overpayments 5% 10% 10% Yes no 10% 10% 10% Max up to £1000 per months / Any on No ERC products No Normally 5% No
Offers valid for (months) 80 days 3 months 1 year (but not valuation or rate) 3 months 2 months 3 months 16 weeks (8 week extensions x 3) 90 days 6 months 6 months from application 2 months
Remortgage after (months) 9 months 6 months 6 months 6 months 6 months 6 months Day 1 against original purchase price or valuation, whichever is lower 6 months 6 months 6 months 6 months
Booking Fee   £0 0 £199 £99 No £99 £89 Some products £250 non-refundable on application £150
Completion Fee n/a £0 £275 n/a £0 No £0 £0 Some Products Added to loan £0
Can pay an arrangement upfront? n/a No No Yes Yes Yes Yes   Yes No - but can be paid within 14 days of completion Yes
Must pay arrangement fee up front? No No No No No Yes No   No No No
Arrangement Fee added to loan? Yes Added to loan Yes Yes Added to loan Yes Can be added   Yes yes Can be added
Min. Value £75,000 £50,000 £40,000 £50,000 £75,000 £50,000 £40000 £75,000 £50000 (75,000 in London £33,333 £75,000
Ex-local flat? No Yes - max 4 stories Yes (refer to Colleys) Yes No Yes Yes - if more than 50% of block is privately  No  Yes - no higher than 5 stories Yes 70% LTV No
New Build flat? No 65% 65% yes Refer 65% Max 70% No 60% Yes - 50 LTV (up to 3 years old) Refer
Lenders Aldemere TMW BM Solution Leeds Mortgage Trust Natwest Northern Rock Platform Principality Godiva Paragon
Ex-local house? Yes Yes Yes Yes No Yes Yes - if more than 50% of area is privately owned Yes Yes Yes - 70% LTV Refer
New build house? Yes Yes - valued as 2nd hand 65% Yes Refer Yes Max 70% 75% 60% Yes - 50% LTV (up to 3 years old) Refer
Studio flat? No 30m2 Yes (refer to Colleys) No 30m2 Yes No - but refer to BDM if high quality Yes No No 30m2
Flat above commercial Refer Refer to lender Yes (refer to Colleys) No Refer Yes No - But refer to BDM if high Refer Refer Refer to Valuer Refer
Scottish/ N.I. properties No Yes/No Yes/Yes Yes/no No Yes/No Yes/Yes Yes/No Refer Yes/Yes
Refer
Max beds Refer 4 - refer if more 5 5 refer N/A Refer Refer No
Refer
Refer to Valuer - no HMO 20
Max. storeys in block No maximum as long as block has a lift over 4 stories N/a - as long in a good block 9 (may be more depending on area) Refer 4 (maybe more within Greater London) N/A 4 - but refer if good quality in town centre 4 Only restricted on ex-local authority 10 (including any ground floor parking) - flats on 5th storey and above in block without lift access not acceptible 4 (maybe more if within London)
Min. applicant age 21 existing landlord
25 Full Time landlord
21 25 21 21 18 21 25 21 21 21
Max. applicant age 85 (at end of mortgage term) 90 (at end of mortgage term) 75 (at end of mortgage term) 70 on application, 80 at end of term 65 on application, 80 at end term 70 68 on application, 75 at end of term 70 70 at end of term 75 (at end of mortgage term) 65 on application, 80 at end of term
Min. income No minimum income for experienced landlords,£25 for full time landlords £0 £25,000 £20,000 £40,0000 (joint) total debt must not exceed 8x earned income £25,000 - combined £20000 £20,0000 £25,000 - single £30,000 £25,000
Evidence required? Yes N/A Yes Yes May require proof yes Yes No Yes Yes Yes
Min. time employed 3 months with current employer (1 year continuous employment N/A 3 months with current employer (1 year continous employment) 6 months 6 months 6 months N/a - refer for new starters, employers reference applied for if less than 6 months. 6 months Refer 3 months 6 months
Min. time in self employment 2 years N/A 2 years 3 years 2 years 2 years 3 years (2 years accounts or SA302s required) 6 months Refer Require 1 year SA302 or 2 years account for limited company 2 years
Credit reference agency used FTBs? Experian Equifax Experian Equifax Equifax Equifax Experian Experian Experian Equifax Equifax
First time investors? No No No Yes No Yes Yes Yes No No No
Ex-pats? No No First time Investors No No No No No No No No
Foreign nationals? Yes (must be residing in UK for 2 years and have permanent rights to reside Yes - must be residing in the
 UK for 3 years
and have permanent rights to reside)
Yes (3 years remaining on work permit and have lived here for 3 years) No No Yes with permanent rights to reside Yes - with permanent right to reside Yes - with permanent rights to reside Yes - Depends on visa No No
DSS? No Refer No Refer Yes No No No No Yes - let to the council/housing association direct Yes
Student Lets? Yes (no more than 4) Yes - under 1 AST No Refer Yes No Yes - max of 4 tenants under 1 AST Yes -under 1 AST Yes - under AST Yes - under 1AST yes
Holiday homes? No No Yes Yes No No No No Yes - under 1 AST No Yes
Let to family? No Yes - will be treated as a
 residential
cannot be let to exowner
Yes Yes - but treated as a residential for affordability No Yes Yes - but treated as a residential for affordability
No
Yes yes - only as a new purchase and true rent paid No
HMOs? No Yes No Yes (up to 5 beds and must have license) No No No No No No yes
Let to Buy No Yes Yes Yes   unknown No Yes   No n/a

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